FBNMB WAY

CREDIT FACILITIES

Our aim is to meet the credit requirements of investors everywhere in Nigeria.
In this regard, we anticipate the aspirations of our customers and respond creatively
and competitively with superior credit structures capable of serving their best interest.

Our origin, combined with international experience, puts us in a vantage position
to package credit facilities, which though follow the traditional credit instruments,
however have a touch of the specific requirements of the customers.

FBNMB’s credit functions are structured along specific industry lines taking a cue from
the nation’s macroeconomic variables and the interplay of the specific customer’s
requirements

    A. Oil & Gas Desk

    As the bedrock of the Nigerian economy, the Oil and Gas sector has
    remained the most strategic sector to the sustenance of the economic
    growth and development of the nation. FBNMB provides some of the
    investible funds required to tap the various opportunities available
    in the sector along the following lines:

    1. Oil & Gas: Producing & Exploration

      Shortfalls in the joint cash calls funding experienced by a number of
      the oil producing companies have from time to time been funded by
      FBNMB. Such requirements, which are usually quite substantial, take
      the form of syndicated facilities with the banks with high volume of
      liquidity only able to participate.

      For the funding of specific production requirements ranging from rig
      acquisition to the acquisition of the various equipment and spares
      required for the continuous production, FBNMB equally has access to
      foreign-denominated facilities, in addition to the local source, to
      meet the requirements of customers that need same to meet their
      funding requirements.

    2. Oil & Gas: Marketing Services

      The operators in this sector have found our Overdraft and Bankers
      Acceptance facilities highly useful in meeting their funding requirements.
      The Bank’s funding are usually along Warehousing/Product Finance
      Lines and Overdraft Facilities to enhance replacement of stock and the
      general cashflow of our clients. We also offer Lease/Equipment Finance.
      Invoice Discounting and Term Loan Facilities. The selling point here
      is the pricing of the facilities in view of the low margin on the
      investments available for the operators, which have to be made
      up with high turnover of activities.

    3. Oil & Gas: Service Units

      Based on our interface with the players in this sector, we have
      been able to articulate appropriate financing vehicle in form of
      Contract Finance.

      The structures and speed of availing this financing support have
      assisted many of the oil service companies in meeting the very
      demanding schedules plus quality standards demanded by the
      oil producing companies.

    B. Manufacturing/Conglomerates

    To ensure that the industrial terrain of the Nigerian economy remains
    adequately funded, our team of experienced Credit Officers are able to
    provide the funding requirements of the manufacturing sector which for
    our own purposes are segregated using the following criteria:

    Turnover

    Operating Efficiency

    Nature of Business

    Our strength in this area takes root in our being a net player in the Nigerian
    money market and in this regard, we are able to provide the facility at
    interest rates, which are well below the banking industry average.
    Support rendered in this regard ranges from working capital facility to
    plan acquisition/refurbishment facilities.

    C. Construction/Services

    FBNMB understands the peculiar requirements of operating in the services
    sector as our Credit Officers have the knowledge to help our clients harness
    the opportunities available in the Information Technology, hotels and hospitality
    businesses, estate development and road/building construction. Credit facilities,
    which take the form of Leases/Equipment Finance, time and Term Loans,
    Overdrafts etc, are arranged at competitive terms and conditions.

    D. Others

    Covered in this category are all other economic activities, which provide
    economic opportunities that are bankable. These activities include, Trading,
    LPO Financing, Equipment and Assets Acquisition Financing etc. The design
    of the Financing instrument are usually customized based on the peculiar
    requirements of the customers.

    For further information, please contact Credit Enquiries.

    E.  Trade Finance Desk

     Operating successfully in the import and export business arena requires the
     financial/ability to minimize cost and ensure timely delivery of products.

    FBNMB’s experience in international trade financing can help you make
    substantial savings on the means and timing of delivery, payments and
    documentation requirements.

    1.  Import Finance

      With the growing level of importation in the country, FBNMB helps our
      wide range of customers to draw on the various financing techniques to
      settle commercial and standby Letters of Credit, Collection Obligations,
      Bankers Acceptances and other arrangements that have been agreed
      upon with the seller and/or our advice.

    2.  Export Financing

      Our Export Financing Desk are well grounded in the peculiarities of the
      Nigerian export business as to be able not only to guide you through
      your export documentation requirements, but also to ascribe the
      appropriate financing mix that will maximize your returns.

    For further information, please contact Trade Enquiries

     

CAPITAL MARKET

TRADE FACILITATION

DOMICILLIARY ACCOUNT

FINANCIAL ADVISORY SERVICES

FBNMB

FBN (Merchant Bankers) Limited

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